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| Home : Fairborne Announces Closing of $125 Million Asset Divestiture and Provides Sinclair, Manitoba Operational Update |
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Mar 23
2011 |
Fairborne Announces Closing of $125 Million Asset Divestiture and Provides Sinclair, Manitoba Operational Update |
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CALGARY, ALBERTA--(Marketwire - March 22, 2011) - Fairborne Energy Ltd. ("Fairborne" or the "Company") (TSX:FEL) is pleased to announce that it has closed its previously announced sale of properties in the Peace River Arch and Brazeau area of north and west central Alberta for $125 million, subject to closing adjustments. Proceeds from the divestiture were used to reduce bank indebtedness.
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| Source:http://www.marketwire.com/mw/release.do?id=1415972&sourceType=3 |
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